There are rumours of a buyer but nothing solid yet
Coventry is still available as an unlicensed airfield. Most of the larger stuff (Atlantic freighters, RVL Cessna Twins etc) are operating out of Birmingham with much of the lighter stuff out of Wellesbourne. A couple of the aircraft were due to move out to a couple of the local strips (Wolvey, Stoke Golding, Baxterley etc) but with the recent weather, they may have stayed at Coventry or gone to somewhere else which has a hard runway.
Hopefully all will be resolved soon, even if it does mean a reduction in services (ie the ILS) to save money
FC